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crowdfunding
Definitions
(Noun) Getting a large group of people to finance a project by using a website or other online tool to solicit funds. Crowdfunding is a model of its strategy crowdsourcing.Usage: David Axe ... is a 30-year-old freelance war correspondent. On Saturday, he'll be getting on a plane and flying to Chad, where refugees from the Darfur genocide in neighbouring Sudan have been streaming across the border. His reporting will wind up in a handful of major news outlets, as well as on his blog. And he'd like you to help pay for his trip....Axe has partnered with an online news outlet called the Guerrilla News Network (guerrillanews.com) to try Web-based fundraising for his online reporting. The word for it these days is "crowdfunding." He's looking for $2,000 (U.S.) in donations to help offset the cost.
—Ivor Tossell, "The Catch 22 of 'crowdfunding' war correspondents," The Globe and Mail, June 13, 2008
—Ivor Tossell, "The Catch 22 of 'crowdfunding' war correspondents," The Globe and Mail, June 13, 2008
(Noun) a system of people networking to pool their money, usually through the internet, to fund the activities of worthy projects or causes
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